IBAN Information for: Slovakia
Find out all you need to know about the IBAN format in SK, including length, structure, and validation rules.
IBAN Information - Slovakia
Overview
The International Bank Account Number (IBAN) for Slovakia (SK) follows specific formatting rules. Here you'll find all the important details about the SK IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix SK
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SEPA Member Yes
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Currency EUR
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Membership EU Member
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Central Bank National Bank of Slovakia
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Central Bank Website www.nbs.sk
Format Information
Domestic Format Information
IBAN Block Structure
SK 89 7500 000000 0012345671
IBAN Structure Legend
- SK Country Code
- 89 Check Digits
- 7500 Bank Code
- 000000 Branch Code
- 0012345671 Account Number
Structure for Slovak IBAN
Slovak IBANs consist of the country code (SK, 2 characters), check digits (2 digits), bank code (4 characters), branch code (6 digits), and account number (10 digits). In total, the Slovak IBAN comprises 24 characters.
The Slovak IBAN consists of 24 characters in total. Slovakia joined the European Union in 2004 and adopted the Euro as its official currency in 2009. As a member of SEPA (Single Euro Payments Area), Euro transfers to and from Slovak banks can be made under the same conditions as domestic transfers within the EU. The bank code identifies the bank, the branch code specifies the particular bank branch, while the account number contains the customer account details. It's worth noting that Slovak IBANs often include multiple leading zeros in the account number.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
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IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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